Cytec Methanol Sale
12/08/99 Cytec has completed the sale of its stake in the Methanex joint venture. Hexcel Reevaluates Business Strategy
12/08/99 Hexcel is exploring strategic alternatives for its Engineered Products business, including a possible sale. Engineered Products manufactures composite aircraft structures and interiors.
Cytec Exits Methanol JV
11/29/99 Cytec has dissolved its methanol joint venture with Methanex because it does not contribute to Cytec's core business. Zoltek Acquisitions
11/24/99 Carbon fiber manufacturer Zoltek has recenlty acquired Structural Polymer Systems (SP Systems), Cape Composites, Engineering Technology (EnTech), and Composite Machines (CMC). The former two are prepreggers; the latter two are competing manufacturers of filament winding equipment. New Aldila CEO
11/19/99 Aldila CEO Gary Barbera is retiring; he will be replaced by Peter Mathewson, currently President and COO. ATP Earnings Decline
11/15/99 ATP reported a decline in third quarter earnings. The decline was attributed to an effort to level earnings from quarter-to-quarter. Hexcel Board Members
11/11/99 Hexcel has elected two new members to its Board of Directors. Also, Dr. George Springer has become a Senior Corporate Advisor. New ETC Composites Group
11/10/99 ARDCO Composites has joined with Environmental Tectonics Corporation to form ETC's new High Performance Composites group. CAR Startup
11/05/99 Composite Automobile Research started up its first production plant in Cali, Columbia, on 2 November. Aldila Reports Loss
11/02/99 Aldila reported a loss for the third quarter, though sales of golf shafts and carbon fibers seem to be picking up. Brunswick Earnings Up
11/02/99 Brunswick reported an increase in third quarter earnings and revenues despite negative impacts from Hurrican Floyd and traditional industry slow-downs. Aldila/SGL JV
11/01/99 SGL Carbon has purchased a 50% stake in Aldila's carbon fiber plant, forming a joint venture between the two companies. Penda Acquires Glasstite
11/01/99 Penda, a manufacturer of fiberglass bed liners for pickups, has acquired Glasstite, a manufacturer of fiberglass camper shells and tonneau covers. Cytec Completes Acquisition
10/29/99 Cytec has completed its acquisition of the amino coatings resin business of BIP. Toray Alabama
10/29/99 The Governor of Alabama has met with Toray officials during his visit to Japan. Toray is interested in expanding its carbon fiber plant in Alabama. ATP Merger Approved
10/22/99 Advanced Technical Product shareholders have approved the company's merger with The Veritas Capital Fund. Hexcel Reports Loss
10/19/99 Hexcel reported a large third quarter loss. Much of it was the result of non-recurring expenses, but sales of carbon fiber products were weak. AlliedSignal Earnings Up
10/17/99 AlliedSignal reported record third quarter earnings. Performance polymers sales were flat. Cytec Earnings Up
10/15/99 Cytec reported moderately higher earnings for the third quarter. Sales of composites were down 10%. New Cytec Director
10/14/99 John E. Akitt has been elected to the Cytec Board of Directors. Owens Corning Earnings Up
10/14/99 Owens Corning reported record income and sales for the third quarter, helped in part by sales of composites. Cytec Clarifies Lead Paint Facts
10/13/99 In response to Rhode Island's lead paint suit, Cytec issued a press release stating that its link to the issue is as a successor to MacGregor Lead Company, but that Cytec is not liable as a successor. Lead Paint Suit
10/13/99 Rhode Island is suing former lead paint manufacturers to recover health care and removal costs. Cytec is named as a defendant because of its acquisition of American Cyanamid. Cytec Takeover Rumors
10/08/99 Cytec stock rose on takeover rumors, but this article doesn't say what the rumors were. See my Forum posting for more details. Composite Structures Contract
10/06/99 Composite Structures LLC has won three contract extensions from Boeing collectively worth over $50 million.
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